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11y ago

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How can you make the best economic choices?

You can make the best economic choices by coming up with a plan for your finances. First, determine how much you make and then decide how much you need for food, bills, living expenses and entertainment. Next, figure out how much money you can save.


Examples of economic choices you have to make?

different people make different economic decisions


Why is it necessary to make economic choices?

economic choices are necessary because resources are limited while the human wants are unlimited.one has to make the best choice between or among alternatives according to the given inputs or resources which affect the total feasible output.


What are three economic choices every society must make?

The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.


What basic economic choice must people and societies?

Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.


What basic economic choice must people and societies make?

Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.


People must make choices to satisfy their needs and wants?

Economic


When people have the right to make economic choices what do they live in?

home-based


Can you give an example of a sentence using the word 'economic'?

It was characteristic of Jim to make thrifty and economic choices.


Why do producers and consumers have to make choices?

Because these economic actors exist in a condition of scarcity, which means that they must make trade-offs to achieve their desires. Making trade-offs implies economic choices exist.


What is the result of having limited resources in an economy?

People make economic choices about what to do with their resources.


What is the goal of Economic equity and economic freedom?

The issue of fairness underscores the goal of economic equity. Americans want their economic system to be fair and just. The goal of economic freedom is to allow each member of society to make choices.